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The current global economic development faces social and environmental challenges, such as climate change and environmental pollution, which requires firms to be more socially responsible. Due to the fast-growing corporate social responsibility (CSR) consciousness and concerns of individual...
Persistent link: https://www.econbiz.de/10012656385
how to integrate sustainability criteria in the investment process. Hence, this study investigates the impact of … environmental sustainability on the pricing of credit risk for European corporations. Furthermore, whether or not the credit … worthiness of a corporation has a moderating effect on the relationship between the environmental sustainability and the credit …
Persistent link: https://www.econbiz.de/10014504144
Environmental disasters are thought to increase the focus on corporate sustainability in the communities where they … actions to construct measures of local corporate sustainability, we study this conjecture. To address the omitted variables … corporate environmental sustainability in the following year. The impact is not homogeneous across counties: it is significant …
Persistent link: https://www.econbiz.de/10013210531
Using news articles covering firm's corporate social responsibility (CSR) activities, we find that publicized CSR activities are positively associated with shareholder value and improved future operating performance. Furthermore, we find that media coverage on CSR engagements with local impact...
Persistent link: https://www.econbiz.de/10012974956
We investigate the relationship between corporate and country sustainability on the cost of bank loans. We look into … operating in all major industries. Our principal findings reveal that country sustainability related to both social and … of one unit in country sustainability scores is associated with an average decrease in the costs of debt by 64 basis …
Persistent link: https://www.econbiz.de/10010437173
This paper uses a set of unique data from Chinese listed companies to examine the influence of analyst coverage on … support for the reputational capital view of corporate philanthropy. The effect of analyst coverage on philanthropy is more … the conclusions. Our research enriches the literature on corporate social responsibility and analyst coverage. …
Persistent link: https://www.econbiz.de/10011263623
This article attempts to bring quantitative evidence of a firm's sustainability reporting in terms of non …-market transnational sustainability strategy on firm performance. The study presents an analysis of nearly 510 firm's ESG scores across 17 …
Persistent link: https://www.econbiz.de/10013258583
Over the past few years, there has been a significant increase in the number of initiatives seeking to mobilize investor voice towards positive social impact. In this paper, I provide a framework outlining the role of investors as stewards of the commons. While companies are increasingly...
Persistent link: https://www.econbiz.de/10011901764
; and introduces a corporate sustainability measure. Sustainable part of corporate social performance completely explains … that are irrelevant to sustainability have no effect on firm values. Moreover, sustainability-based hedge portfolios could …
Persistent link: https://www.econbiz.de/10012900859
We investigate how corporate environmental responsibility (CER) actions affect firm value. We adopt an event studies approach using two narrowly-decided 5-to-4 Supreme Court rulings and show that firms gain value when they are expected to increase their CER activities. The market reactions are...
Persistent link: https://www.econbiz.de/10012850491